Corvette Racing Team

Legendary Chevrolet Corvette C5-R Raises The Bar In 2004

Championship-winning factory team announces powerful upgrades for sixth season

DETROIT - Fast on the heels of capturing a record-setting third
manufacturers' championship in the American Le Mans Series, the General Motors
Chevrolet Corvette Racing team is hard at work in developing an even stronger
package for the upcoming 2004 season. Furthering its status as the most successful
race car in the 50-year history of the marque, the Corvette C5-R will start next
year with significant developments in tire technology, personnel, engineering
and aerodynamics.

"This championship season was another incredible chapter written in the
rich history of the Corvette," said Doug Fehan, GM's program manager for
Corvette Racing. "The competition challenged our position, but when the dust
settled we were able to claim the title once again. This team has an amazing
ability to overcome obstacles and that's how champions are made."

The Corvette Racing program recently announced a new partnership with the
Michelin Group. The manufacturer will provide technical assistance and full tire
support for the Corvette C5-R in the American Le Mans Series and the 24 Hours of
Le Mans endurance race. The team is currently undergoing another winter of
rigorous development in preparation for the upcoming season.

The works Corvette team recently announced the addition of drivers Olivier
Beretta, Max Papis and Jan Magnussen to the Chevrolet family. Beretta, 34, will
join Oliver Gavin in the #4 Corvette C5-R for the full season of the ALMS and the
24 Hours of Le Mans, bringing years of racing at the top levels of international
competition, from Le Mans to Formula 1, to a driver roster already rich in talent.
Papis, 34, a veteran open-wheel and sports car racer, and Magnussen, 30, a
champion in sports cars, touring cars and single-seaters, will join the team for
the three long-distance events during 2004, including the 12 Hours of Sebring, 24
Hours of Le Mans and the 1,000-mile Petit Le Mans. The 2004 driver lineup is as
follows: